Municipal bond funds stayed on a fund flow see-saw, reporting inflows for the latest week.
Weekly reporting funds had $714.012 million of inflows in the week ended Oct. 7, after outflows of $252.457 million the week before, Lipper said Thursday.
The latest inflow brings to 20 out of 41 weeks this year that the funds have seen cash flowing in. Flows for the year to date remain in the green, totaling over $2.1 billion.
The four-week moving average went from red to green, as it is now positive at $70.434 million after being in the red at $132.065 million in the previous week. The moving average is now positive for the first time in 21 weeks. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.
Long-term muni bond funds experienced inflows, gaining $685.022 million in the latest week, following outflows of $7.271 million in the previous week. Intermediate-term funds had inflows of $57.063 million after shedding $92.709 million in the prior week.
Exchange traded funds reported inflows of $185.961 million, on top of inflows of $137.849 million in the previous week.
And high-yield muni funds reported inflows of $270.816 million in the latest reporting week, after an outflow of $10.488 million the previous week.
